The Triton

Where in the World

Status update expected for deferred importation efforts

ADVERTISEMENT

This morning’s press conference has been cancelled. The Triton will report progress on this issue as it becomes available.

Original news posted April 17, 1:57 pm

U.S. Congresswoman Lois Frankel (Democrat from Florida) will host a press conference next Tuesday, April 25, to update the brokerage community on the status of the effort to remove federal laws barring the sale of foreign-flagged yachts to U.S. citizens while in U.S. waters.

The bill, known as deferred importation, would permit owners of foreign-flagged yachts to pay duty at the time the vessel is sold rather than when it enters U.S. waters for sale.

“Studies show that implementation of deferred importation would generate thousands of industry-related jobs and encourage $2.46 billion in additional U.S. recreational marine sales and economic activity,” said Staley Weidman, chairman of IYBA’s Legislative Affairs Committee. “It’s time to remove this onerous restriction, which prevents job creation and discriminates against U.S. residents while in their own country.”

Congresswoman Frankel will address the issue at 9:30 a.m. at Palm Harbor Marina, 400 N. Flagler Drive in West Palm Beach (33401).

Related Posts...
U.S. Secretary of the Interior Ryan Zinke on May 21 Read more...
By Dorie Cox Yachts and their crew spend tens of Read more...
The Marine Industries Association of South Florida has cancelled Marine Read more...
Divers and anglers are invited to sign up for the Read more...
A South Florida judge has denied a yacht owner’s request Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Working toward smooth sailing with crew visas

Working toward smooth sailing with crew visas

By Dorie Cox Yachts and their crew spend tens of millions of dollars on refits, maintenance and repairs, as well as provisions, …

Stew Cues: Handling costly, fragile crystal can be terrifying

Stew Cues: Handling costly, fragile crystal can be terrifying

Stew Cues: by Alene Keenan I recently helped outfit a yacht with glassware. The owners found a beautiful set of antique cobalt blue …

Mexican marina makes room for larger yachts

Mexican marina makes room for larger yachts

Paradise Village Marina in Puerto Vallarta, Mexico, has recently reconfigured the marina to hold more and larger yachts. The marina now has …

Triton Networking nets $1,500 for injured yachtie

Triton Networking nets $1,500 for injured yachtie

More than 200 captains, crew and industry people challenged the weather to attend Triton Networking last night with global marine travel …